Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ – Finance Bitcoin News
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles...
Finance
Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40% – Finance Bitcoin News
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8...
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network – Finance Bitcoin News
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of...
Bill on Digital Ruble Submitted to Russian Parliament – Finance Bitcoin News
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian...
China’s Digital Yuan Little Used, Former Central Bank Official Says – Finance Bitcoin News
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at...
ECB to Decide Whether to Issue Digital Euro in 2023 – Finance Bitcoin News
The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch...
Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says – Finance Bitcoin News
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central...
Bank of Russia to Test International Crypto Payments With Companies – Finance Bitcoin News
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge – Finance Bitcoin News
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper....
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning – Finance Bitcoin News
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of...
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan – Finance Bitcoin News
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s...
Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask – Finance Bitcoin News
Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank...
National Bank of Ukraine Unveils E-hryvnia Concept – Finance Bitcoin News
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the...
Putin Calls for International Settlements Based on Blockchain and Digital Currencies – Finance Bitcoin News
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange...
UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes – Finance Bitcoin News
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges....
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’ – Bitcoin News
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng...
Russia’s Digital Ruble Integrated Into Banking App – Finance Bitcoin News
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently...
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says – Finance Bitcoin News
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of...
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets – Finance Bitcoin News
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help...
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency – Finance Bitcoin News
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils – Finance Bitcoin News
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital...
